United Bankshares, Inc. to Acquire Piedmont Bancorp, Inc.

United Bankshares, Inc. (UBSI), the parent company of United Bank, and Piedmont Bancorp, Inc., the parent company of The Piedmont Bank, today announced they have entered into a definitive merger agreement under which United will acquire Piedmont. This merger will bring together two high-performing banking companies and strengthen United’s position in the Mid-Atlantic and Southeast,…